Washington, DC, October 21, 2013 - Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), launched a Canadian Dollar 500 million 5-year fixed rate global bond. The global bond carries a semi-annual coupon of 2.125% and will mature on October 30, 2018.
The bonds were placed with 19 institutional investors via the Toronto-Dominion Bank as the sole lead manager.
The high-quality order book and well-balanced mix of investors distribution by region and type was as follows:
Investor Distribution | |||
By Geography | By Investor Type | ||
Canada | 41% | Banks / Corporates | 41% |
Asia | 30% | Central Banks / Official Institutions | 40% |
Europe | 19% | Asset Managers | 15% |
Americas | 10% | Pension Funds / Insurance | 4% |
Transaction Summary:
Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: CAD 500 million
Settlement date: October 30, 2013
Maturity date: October 30, 2018
Issue price: 99.504%
Coupon: 2.125% (semi-annual)
Denomination: CAD 1,000 and multiples thereof
Listing: Luxembourg Stock Exchange
Clearing system: CDS, and DTC, Euroclear / Clearstream
ISIN: CA459058DF76
About the World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944. It operates as a global development cooperative owned by 188 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The overriding goal is to achieve major, sustainable improvements in standards of living worldwide. It has been issuing bonds in the international capital markets for over 60 years to fund its activities. Information for investors is available on the World Bank Treasury website: (http://treasury.worldbank.org/capitalmarkets).
